AGIC Capital, the European-Asian private equity fund focused on investments in high quality industrial and medical companies announced the acquisition of a majority stake in Grafotronic AB and its subsidiaries (Grafotronic), a global manufacturer of roll-to-roll automated manufacturing solutions, from its current shareholders, for an undisclosed amount.
What does Grafotronic bring AGIC’s portfolio?
Established in 2004, Grafotronic develops distinctive modular solutions for the digital label finishing and EV battery markets. It has achieved growth over the last five years since focusing on digital finishing segment, and is building its position into manufacturing tech for a range of products in the EV battery market in partnerships with major players in the field.
AGIC was attracted to Grafotronic’s positioning in high-growth markets, modular product concept, innovation capabilities including automation and product connectivity, asset-light business model, dedicated and dynamic management team and attractive financial profile.
Partnering with the team, AGIC will support Grafotronic’s continued global growth in the digital finishing and EV battery segments, in the existing core European markets, US and Asia.
What are the executives’ thoughts on the deal?
Håkan Sundqvist, Founder of Grafotronic, said: “This is a vital step in achieving our dreams, fulfilling our aspirations as a firm, and sound business decision to secure a sustainable future.”
“We can now accelerate on realizing future growth potential, provide our clients with even more innovative solutions and at the same time significantly increase our production and R&D capacity. With AGIC, we can achieve our maximum development potential worldwide.”
Ben Mitchell, AGIC’s Director & Head of UK, said: “We are delighted to have made the investment into Grafotronic and to be backing the management team to deliver the next phase of growth. The acquisition of Grafotronic exemplifies AGIC’s investment strategy, to partner with the management teams of outstanding European SMEs which have significant growth potential and to provide proactive, hands-on support to realise that potential.”
